Author Question: A profit-maximizing monopolist never produces along the __________ portion of the demand curve ... (Read 94 times)

natalie2426 · **on:** Jun 30, 2018

A profit-maximizing monopolist never produces along the __________ portion of the demand curve because marginal revenue is __________ there.
a. elastic; positive
b. elastic; negative
c. inelastic; negative
d. inelastic; positive
e. inelastic; zero

Question 2

If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is said to be experiencing
a. decreasing minimum efficient scale
b. increasing returns to scale
c. constant returns to scale
d. decreasing returns to scale
e. increasing long run average cost